Question 1

What is Agree Realty's P/S ratio?

Accepted Answer

Agree Realty (ADC) P/S ratio is 12.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Agree Realty?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Agree Realty specifically, the relevant sector benchmark is the current sector median of 6.4×.

Question 5

Is Agree Realty's P/S ratio high or low?

Accepted Answer

Agree Realty's P/S ratio of 12.9× is above its own 5-year average of 12.7× and above the sector median of 6.4×. That places the current reading at the 55th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Agree Realty's historical P/S ratio range?

Accepted Answer

In the available daily series, Agree Realty (ADC) P/S ratio has ranged from a low of 3.0× in 2002 to a high of 17.4× in 2021. The 5-year average is 12.7× and the 5-year median is 12.6×.

Question 7

What was Agree Realty's P/S ratio in 2025?

Accepted Answer

Agree Realty (ADC) P/S ratio at the end of 2025 was 11.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Agree Realty's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$8.26B	$718M	11.5×	-0.3×	Dec 31, 2025
2024	$7.28B	$617M	11.8×	+0.1×	Dec 31, 2024
2023	$6.31B	$537M	11.7×	-2.8×	Dec 31, 2023
2022	$6.27B	$430M	14.6×	-0.2×	Dec 31, 2022
2021	$5.02B	$339M	14.8×	-0.1×	Dec 31, 2021
2020	$3.69B	$249M	14.8×	-1.0×	Dec 31, 2020
2019	$2.97B	$187M	15.8×	+1.9×	Dec 31, 2019
2018	$2.06B	$148M	13.9×	+1.1×	Dec 31, 2018
2017	$1.52B	$119M	12.8×	+0.0×	Dec 31, 2017
2016	$1.17B	$91.5M	12.8×	+3.5×	Dec 31, 2016
2015	$648M	$70M	9.3×	+0.3×	Dec 31, 2015
2014	$478M	$53.6M	8.9×	-0.4×	Dec 31, 2014
2013	$395M	$42.6M	9.3×	+0.8×	Dec 31, 2013
2012	$300M	$35.5M	8.4×	-1.3×	Dec 31, 2012
2011	$261M	$26.8M	9.8×	+2.3×	Dec 31, 2011
2010	$258M	$34.7M	7.4×	+2.3×	Dec 31, 2010
2009	$189M	$36.7M	5.1×	+1.2×	Dec 31, 2009
2008	$141M	$35.7M	4.0×	-2.7×	Dec 31, 2008
2007	$231M	$34.5M	6.7×	-1.3×	Dec 31, 2007
2006	$263M	$32.9M	8.0×	+1.0×	Dec 31, 2006
2005	$220M	$31.6M	7.0×	-0.9×	Dec 31, 2005
2004	$232M	$29.7M	7.8×	+1.2×	Dec 31, 2004
2003	$183M	$27.4M	6.7×	+3.7×	Dec 31, 2003
2002	$75.1M	$25.5M	3.0×	—	Dec 31, 2002


Extra Space Storage (EXR)	8.1×
STAG Industrial (STAG)	8.0×
AvalonBay Communities (AVB)	7.5×
American Tower (AMT)	7.4×
VICI Properties (VICI)	7.2×
Kimco Realty (KIM)	7.0×
Camden Property Trust (CPT)	6.5×
UDR (UDR)	6.4×
Tanger (SKT)	6.4×
Mid-America Apartment Communities (MAA)	6.4×
SBA Communications (SBAC)	6.4×
Ventas (VTR)	6.3×
Invitation Homes (INVH)	5.4×
CoStar Group (CSGP)	4.9×
Apartment Investment and Management (AIV)	4.5×
Iron Mountain (IRM)	4.2×
Healthpeak Properties (DOC)	4.0×
Alexandria Real Estate Equities (ARE)	3.0×
Medical Properties Trust (MPT)	2.8×
Weyerhaeuser (WY)	2.5×
BXP (BXP)	2.4×
Host Hotels & Resorts (HST)	2.2×
Arbor Realty Trust (ABR)	1.2×
Opendoor Technologies (OPEN)	1.1×
CBRE Group (CBRE)	0.9×

P/S Ratio for Agree Realty (ADC) 2002-2026

P/S Ratio daily chart for Agree Realty (ADC)

Historical P/S Ratio for Agree Realty (ADC) from 2002 to 2025

About P/S Ratio at Agree Realty (ADC)

Agree Realty P/S Ratio by Year

Agree Realty P/S Ratio 2025: 11.5×

Agree Realty P/S Ratio 2024: 11.8×

Agree Realty P/S Ratio 2023: 11.7×

Agree Realty P/S Ratio 2022: 14.6×

Agree Realty P/S Ratio 2021: 14.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Agree Realty (ADC) Key Financials